Smith Mountain Lake Christian Academy Inc

Analysis

Smith Mountain Lake Christian Academy Inc is a registered charity in United States, based in Moneta, VA. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Smith Mountain Lake Christian Academy Inc reported income of $3.9m and spending of $3.9m, spending 99% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.4m to $3.9m (+186%), an average of +30% a year. The sharpest change came in the year to June 2021, when income rose by 111%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Smith Mountain Lake Christian Academy Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Education and Training Connection ($3.9m), St Thomas More Play Group Inc ($3.9m) and Positive Outcomes Charter School Inc ($3.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.9% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $314k (8.1% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $3.1m against liabilities of $1.6m, net assets of $1.6m. It reported 114 employees.